Living Better, Living Longer? Is Ageing in Line with Economic Performance?

Kovács, Erzsébet (2012) Living Better, Living Longer? Is Ageing in Line with Economic Performance? Hungarian Statistical Review, 90 (SN15). pp. 79-95. ISSN 0039-0690

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Abstract

The goal of this paper is twofold. First, it is to describe and interpret the increase of life expectancy as a positive component of the human development index and the global competitiveness index. For developed countries, age-gain, defined as the difference between life expectancy at age 65 and at birth, is calculated and analyzed. The second part of the paper is about Hungary which is a developed country according to the human development index and is in catching-up position according to the rankings of the World Economic Forum. Hungarian agegain is one of the highest, it is above seven years and its old-age dependency ratio is fast increasing accompanied by a relatively low economic performance. To sustain the present Hungarian pay-as-you-go pension system, reliable projection for the ageing tendency is indispensable.

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